Headlines about Philip Morris International (NYSE:PM) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Philip Morris International earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.2531685705724 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Average True Range Indicator can help out on Philip Morris International Inc. (PM) – Wall Street Morning (wallstreetmorning.com)
- Why Is Philip Morris (PM) Up 8.1% Since Its Last Earnings Report? – Nasdaq (nasdaq.com)
- Analysts Expect Philip Morris International Inc. (PM) Will Post Earnings of $0.87 Per Share (americanbankingnews.com)
- Evaluate Stock’s Volatility Before Making Any Investment Decision – Philip Morris International Inc., (NYSE: PM) – Stock Watch (stocksnewstimes.com)
A number of brokerages have issued reports on PM. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $135.00 target price (down from $140.00) on shares of Philip Morris International in a report on Wednesday, November 15th. Morgan Stanley increased their target price on shares of Philip Morris International from $120.00 to $123.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Bank of America dropped their target price on shares of Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $126.00 target price on shares of Philip Morris International in a report on Thursday, February 8th. Finally, Citigroup dropped their price objective on shares of Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $124.57.
Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same period last year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. equities analysts expect that Philip Morris International will post 5.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.99%. Philip Morris International’s dividend payout ratio (DPR) is 87.17%.
In related news, insider Marc S. Firestone sold 13,650 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the sale, the insider now owns 189,199 shares in the company, valued at $19,795,891.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andre Calantzopoulos sold 49,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the sale, the chief executive officer now owns 792,765 shares in the company, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.
Philip Morris International Company Profile
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
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